Boston, MA 04/24/2014 (wallstreetpr) – Cabot Oil & Gas Corporation (NYSE:COG) is a $15 billion North American oil and gas company. It is involved in the exploration and development of oil and gas properties. The company reports its fiscal 2014 first quarter today.
Wall Street seems optimistic about the company’s upcoming reporting. Analysts on the average expect the company to report higher profit in the first quarter. Therefore, the company is expected to reported earnings per share of $0.28. That will be a significant increased from $0.10 earned in the same period a year earlier.
Although the analysts expect Cabot Oil & Gas Corporation (NYSE:COG) to report improved profit in the first quarter, the consensus earnings estimate on the stock decreased from $0.29 per share over the past three months. But consensus estimate increased by a penny in the last one month.
Wall Street expects revenue in the quarter to increase by 40 percent above the same quarter a year ago to $524.4 million. The company generated $373.3 million in the first quarter of 2013.
A history of good performance
Cabot Oil & Gas Corporation (NYSE:COG)’s performance track record is encouraging. The company’s earnings and revenue have been in a consistent increase over the past quarters. For example, revenue in the recent past quarter jumped 31 percent to$487.5 million. Revenue rose 47 percent in the quarter before that.
In the most recent quarter, net income in the company increased by 82 percent and by 91 percent in the quarter earlier. Profit in Cabot Oil & Gas has been in consistent growth over the past quarters just as revenue has been.
Stock rated buy
Cabot Oil & Gas Corporation (NYSE:COG) carries a “buy” rating at 85 percent of the analysts covering the stock. That is higher than “buy” rating at 66 percent of eight similar organizations. On that note, analysts on the average expect the company to earn $0.99 per share and generate revenue of $2.35 billion in the current fiscal.
